9911796707
TMI Blog2014 (8) TMI 588X X X X Extracts X X X X X X X X Extracts X X X X ..... of exemption of Service Tax per year, provided that the assessee has not crossed the threshold limit of rupees ten lakhs in the preceding financial year. In these cases, if the cheques for rent are received individually by all the appellants, it was indicated in the agreement between the individuals for the purpose of renting out of premises to another person so as to make it specific that indivi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... waiver of pre-deposit of amount of Service Tax liability of ₹ 2,66,976/-, interest thereof and penalties under Sections 76, 77 78 of Finance Act, 1994. 2. Heard both sides and perused the record. 3. The issue involved in this case is regarding Service Tax liability on the above-mentioned individuals as a provider of service under the category of renting out of immovable property. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... owned by all the persons and the said property is being rented out and hence there is service of renting out of an immovable property. It is his submission that for individual purposes, and for the purpose of benefit of individual co-owners, the appellants sought the payment individually. It is his submission that the department is correct in assessing the Service Tax liability after considering ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tification talks about the aggregate value of the taxable services rendered, should be considered for the purpose of exemption and in this case if individually all the appellants be considered as provider of such service, their aggregate value does not exceed the threshold limit. Prima facie, we find that the appellants have made out a case for waiver of pre-deposit of amounts involved. 7. Acco ..... X X X X Extracts X X X X X X X X Extracts X X X X
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